Legazpi, Albay has several properties for sale that are ideal for families who wish to move into the city's stunning and majestic environment.
Legazpi Albay's residential developments offer homebuyers excellent options. Properties for sale in the city ranges from a land size of 66 to 132 square meters. One can have the choice between two to four bedrooms plus a living area of 40 to 143 square meters.
The city of Legazpi has numerous hospitals and schools including the Aquinas University and Bicol University. For recreation and leisure, the city has the Liberty Commercial Center and the Pacific Mall.
According to the Philippine Statistics Authority, the Bicol Region was the fastest growing economy in 2013. Primarily because of its service sector, Bicol bested the 17 regions including Metro Manila.
Lying on the southern foothill of the iconic Mayon Volcano, the capital of Albay is not just a tourist destination.
Lying on the southern foothill of the iconic Mayon Volcano, the capital of Albay is not just a tourist destination. It is also one of the fastest growing metropolises in the Philippines. Strategically located between two other major cities and their airports, seaports, railways, and other transportation terminals, the city of Legazpi has been dubbed as the "Gateway to Bicolandia". Politically divided into 70 barangays, it is Bicol Region's center of administration and trade.
Legazpi is the perfect city for families. It has numerous hospitals and schools including the Aquinas University and Bicol University. For recreation and leisure, the city has the Liberty Commercial Center and the Pacific Mall. The waterfront development of Embarcadero de Legazpi not only has retail spaces, restaurants, and a lighthouse, but also one of the two Information Technology (IT) parks in the city.
For those looking for a house and lot for sale in Legazpi City, whether as a permanent or vacation home, the city offers some of the most scenic landscapes in the Philippines. It is close to the waterfalls and black-sand beaches of Albay, the pristine Calaguas Islands of Camarines Norte, and the paradise that is the Caramoan Peninsula tucked away in Camarines Sur.
Residential developments offer homebuyers excellent options. Properties for sale range from a land size of 66 to 132 square meters. One can have the choice between two to four bedrooms plus a living area of 40 to 143 square meters. If you prefer to build your own house, properties for sale in Legazpi City also include bank foreclosures and empty lots. They cost around PHP 324,000 for 180 square meters to PHP 2,700,000 for 450 square meters. Bigger properties for sale are also available.
Many of the foreclosed properties are houses and lots that are being sold for at least Php 593,000 up to Php 7.1 million. While these houses may have been previously owned, they still can be affordable alternatives for families who want to purchase cost-efficient properties close to the majestic Mayon.
If not as a primary residence, these foreclosed properties may be converted into a family rest house or into an inn that offers bed-and-breakfast to its short-term tenants exploring the rich landscapes of Albay.
Vacant lots are also available for sale in the city. These lots can measure around 150 square meters up to a sprawling 2589 square meters, and can cost around Php 1.3 million up to a whopping Php 51 million.
Families can use these lots as the foundation for building their dream primary residence, or to build a summer rest house for weary travelers to sleep and enjoy the comforts of their staycation spot.
Albay's abundant plains and breathtaking scenery of the Mayon Volcano are primary reasons for families to invest in Legazpi's real estate scene, such as foreclosed properties and houses and lots due to the peaceful and suburban atmosphere it provides to its residents.
The closeness of these properties to Legazpi's booming investment and entertainment hubs also attracts many seekers into looking for properties for sale in the city. This proves that Legazpi is one of the rising metropolitan areas in southern Luzon.
According to the Philippine Statistics Authority, the Bicol Region was the fastest growing economy in 2013. Primarily because of its service sector, Bicol bested the 17 regions including Metro Manila. Albay governor Joey Salceda also attributed the region's growth to tourism, agriculture, real estate, and construction.
Legazpi City in particular is currently facing major developments. The Bicol International Airport is being constructed in a 200-hectare plateau in nearby Daraga, and it will consolidate the city's position as a leading tourism and commercial center. The local government is also planning a 10-hectare reclamation project along Legazpi Boulevard, which is part of a new road network leading to the airport. Investors looking to buy properties in the city should consider this reclaimed area as it is set to accommodate commercial strips, top-class hotels, and Business Process Outsourcing (BPO) offices. A bay view amphitheater, modern hospital, and posh subdivision are also set to be built, making it a stand-alone mixed-use development.
With the progress that Legazpi is seeing, the city is definitely on its way to becoming an economic leader. Residents and investors would be placing themselves in one of the country's most promising cities.